Page 6 of 10 SEC Filing CUSIP No. 018772301 13G Page 6 of 10 Pages
Item 4. Ownership.
Provide the following information regarding the aggregate number
and percentage of the class of securities of the issuer identified in Item 1.All ownership
information reported in this Item 4 is as of February 29, 2016.
Axar Capital Management, LP, Axar GP, LLC and Andrew Axelrod
(a) Amount beneficially owned: 1,020,893
shares of Common Stock held for the account of Axar Master Fund, Ltd.
(b) Percent of class: 11.5% (based on 8,894,558
shares of Common Stock outstanding, as provided by the Issuer onMarch 8th, 2016.)
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote: 0
(ii) Shared power to vote or
to direct the vote: 1,020,893
(iii) Sole power to dispose or to direct the disposition of 0
(iv) Shared power to dispose or to direct the disposition of 1,020,893
Item 5. Ownership of Five Percent or Less of a
Class.
Not Applicable.
Item 6. Ownership of More than Five Percent on
Behalf of Another Person.
See disclosure in Item
2 and Item 4 hereof. Axar Master Fund, Ltd. is known to have the right to receive
or the power to direct the receipt of dividends from, or the proceeds from the sale of, the shares of Common Stock reported herein
that may be deemed to be beneficially owned by the Reporting Persons.
Item 7. Identification and Classification of the
Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.
See disclosure in Item
2 hereof.
Item 8. Identification and Classification of Members
of the Group.
Not Applicable.
Item 9. Notice of Dissolution of Group.
Not Applicable.
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| CUSIP No. 018772301 | 13G | Page 6 of 10 Pages |
Item 4. Ownership.
Provide the following information regarding the aggregate number
and percentage of the class of securities of the issuer identified in Item 1.All ownership
information reported in this Item 4 is as of February 29, 2016.
Axar Capital Management, LP, Axar GP, LLC and Andrew Axelrod
| (a) | Amount beneficially owned: 1,020,893 shares of Common Stock held for the account of Axar Master Fund, Ltd. |
| (b) | Percent of class: 11.5% (based on 8,894,558 shares of Common Stock outstanding, as provided by the Issuer onMarch 8th, 2016.) |
| (c) | Number of shares as to which the person has: |
| (i) | Sole power to vote or to direct the vote: 0 |
| (ii) | Shared power to vote or to direct the vote: 1,020,893 |
| (iii) | Sole power to dispose or to direct the disposition of 0 |
| (iv) | Shared power to dispose or to direct the disposition of 1,020,893 |
Item 5. Ownership of Five Percent or Less of a
Class.
Not Applicable.
Item 6. Ownership of More than Five Percent on
Behalf of Another Person.
See disclosure in Item
2 and Item 4 hereof. Axar Master Fund, Ltd. is known to have the right to receive
or the power to direct the receipt of dividends from, or the proceeds from the sale of, the shares of Common Stock reported herein
that may be deemed to be beneficially owned by the Reporting Persons.
Item 7. Identification and Classification of the
Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.
See disclosure in Item
2 hereof.
Item 8. Identification and Classification of Members
of the Group.
Not Applicable.
Item 9. Notice of Dissolution of Group.
Not Applicable.
